So that’s going to — it’s going to be lower than Q2 but higher than Q1. You are absolutely right on charitable contributions, those mostly go out in Q2. The rest of them seem pretty indicative of other expense is higher because we do have more reciprocal deposits. So that’s also indicative.
Woody Lay: Yep, that’s helpful. Maybe shifting over to the new client disclosure. I mean, it looks like it was a really successful quarter on that front. How sticky do you view these clients and how optimistic are you that you can sort of get the full suite of business over time with these clients?
Tim Myers: That’s a good question. I do tend to think it’s sticky. A lot of that was going back and getting money that had left. So you look at the number of accounts that were opened, just over half was new accounts for existing customers. So reallocating the architecture of their account structure, putting some money that was in a DDA into an interest-bearing account or reciprocal account. But over 500 of those were new clients. And so we are already talking to them. There’s been some pushes around some of the municipalities and then what other things can we do for them. So we’re starting here, yes, but we always look to see how we can grow that relationship in their totality.
Woody Lay: Got it. And then last for me. I saw the renewed buyback announcement. Just with the volatility in the market seeming to settle down a little bit, are there any updated thoughts on how you are thinking about the buyback?
Tim Myers: They’re very similar to how we have described it in the past. We think our stock is a tremendous value. We think the impact that we’ve had on earnings as a result of what happened in Q1 remains temporary and we want to have the ability to take advantage of that value depression and purchase of stock. All that being said, we are being very cautious about capital preservation. So we’re not rushing out to do that. But we want to retain the ability to do so.
Woody Lay: Got it. Thanks guys.
Tani Girton: I think I’ll just add, Wood, our top priority in the capital management is to maintain the dividend and reinvest in the company if we’ve got the strategic initiatives and our plates are full on both of those fronts, but maintaining that dividend is really important to us.
Woody Lay: All right. Thanks guys.
Tim Myers: Thank you.
Operator: Our next question is from Jeff Rulis with D.A. Davidson. Please go ahead.
Jeff Rulis: Thanks. Good morning.
Tim Myers: Good morning, Jeff.
Jeff Rulis: Tani, appreciate all the color on the deposit and trends in cost. Did you have a month of June net interest margin average?
Tani Girton: Yes, let me pull that. I should already have that at my fingertips because [indiscernible] asks me that every time. I’ll pull it, just a second.
Jeff Rulis: Okay. And maybe during that, I wanted to hop to the classified loan increase — the loans that I think you’ve outlined in the loan segments, C&I, CRE, your line of credit. But do you have within industries and geography of those additions on classifieds?
Tim Myers: Yeah, I’m going to ask Misako Stewart, our Chief Credit Officer, to talk about the classifieds.
Misako Stewart: Yeah, there’s not really a concentration in geography, if that’s the question. And it’s kind of across the board in terms of both the migration that we saw from watch to the criticized and criticized to classified where it kind of covers all different collateral categories, multi-family, retail, C&I. We only had one small office loan that was downgraded from watch to special mention. But on the sub-standard of the classified, again as Tim noted, it was an increased usage on an already existing classified loan and then two loans that downgraded, one as C&I term loan and the other a CRE secured term loan as well.
